The Hot Stock: Lam Research, Storage Stocks Rally

Lam Research rose to the top of the S&P 500 Tuesday.

Lam Research (LRCX) climbed to the top of the S&P 500 today, while storage companies were also on the rise.

Lam Research gained $9.74, or 4.9%, to $207.94, while the S&P 500 added 7.18 points, or 0.26%, to 2728.12.

Lam Research rose on its capital return program, as it will return 50% of its free cash flow to investors via stock buybacks...

Lam Research (LRCX) climbed to the top of the S&P 500 today, while storage companies were also on the rise.

Lam Research gained $9.74, or 4.9%, to $207.94, while the S&P 500 added 7.18 points, or 0.26%, to 2728.12.

Lam Research rose on its capital return program, as it will return 50% of its free cash flow to investors via stock buybacks and dividends.

However it wasn't the only tech name rising. Western Digital (WDC) was the S&P 500's second best performer, climbing 4.3%, while Micron (MU) rose 3.3%. Those stocks were helped by Goldman Sachs' note on storage companies ahead of Micron's upcoming earnings.